Tesla to cut on-site staff at Nevada factory by 75% due to coronavirus

Gigafactory, Nevada

U.S. electric automaker Tesla Inc prepares to slash on-site staff at its Nevada battery plant by about 75% because of the coronavirus pandemic, the local county manager stated on Thursday. The move comes following its Japanese battery partner Panasonic stated it would decrease operations at the Nevada factory this week before shutting it for 14 […]

Fiat Chrysler agrees on 3.5 billion euro credit facility with banks

Fiat Chrysler plant in Kragujevac, Serbia

Fiat Chrysler Automobiles (FCA) stated on Thursday it has accepted a new credit facility with two banks, at a time when significant automakers are having to close plants, losing revenue as demand declines mainly because of the spread of coronavirus. Majority of FCA’s plants across the world are presently closed in response to the virus […]

General Motors speeds up ‘Project V’ to build ventilators in Indiana

General Motors

General Motors and medical equipment maker Ventec are accelerating efforts under a partnership code-named “Project V” to construct ventilators at a GM plant located in Kokomo, Indiana, to help fight the coronavirus outbreak. GM stated that work at its Indiana plant, which makes small electronic components for vehicles, is part of the effort to expand […]

Anthony Levandowski pleads guilty to stealing Google trade secrets

Anthony Levandowski

Engineer Anthony Levandowski, noted for advancing self-driving car technology in the previous decade, agreed to plead guilty last week on Thursday to taking sensitive documents from his former employer Google before he joined rival Uber Technologies Inc. Federal prosecutors agreed to recommend a prison term of at least 30 months as part of plea agreement […]

Ford, GM, Tesla can go ahead with making ventilators, says Trump

Donald Trump

U.S. President Donald Trump stated on Sunday that American automakers such as Ford Motor, General Motors and Tesla Inc have been given the green light in making ventilators and other objects required during the coronavirus crisis. “Ford, General Motors and Tesla are being given the go ahead to make ventilators and other metal products, FAST! […]

Panasonic to suspend production at Tesla joint venture due to coronavirus

Panasonic Corp

Panasonic stated on Saturday it will temporarily stop production at its battery joint venture with U.S. electric automaker Tesla Inc in Nevada due to the coronavirus outbreak. The Japanese electronics company, which provides battery cells for Tesla’s electric vehicles, will reduce operations at so-called Gigafactory 1 early next week before shutting down for 14 days, […]